Functional analysis of family pension

"Raising children to prevent old age" is the basic feature of the traditional way of providing for the aged in China. Traditional families generally solve the problem of providing for the aged by raising their children. From the perspective of modern social security, the cost of bearing and raising children can be regarded as the security fund paid by working-age parents for their future pension. This fund is paid and accumulated year by year with the growth of children's age, which can preserve and increase the value in the gradual growth of children. When parents lose their ability to work in their later years and their children reach working age, the original pension fund will be paid until their parents die. From the perspective of traditional families, the payment, accumulation, appreciation and payment of this pension fund is a very natural "natural" process, and it is a very smooth process. There seems to be no transition node or link. In short, in traditional families in China, the risks of birth, aging, illness and death of the elderly are guaranteed by the family; The expenses of family security are all borne by the family, and the accumulation and appreciation of security funds and intergenerational transfer payments must be completed in the family.